(Bloomberg) -- The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in...
-- The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in borrowing costs, according to Goldman Sachs Group Inc.Hims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy
Traders have grown doubtful of the Fed delivering the two rate reductions that were priced in just last week in the immediate aftermath of a benign inflation reading for April. The swaps market is now anticipating around 40 basis points of rate cuts for the end of the year, with the first full 25 basis point of easing priced into the November policy meeting.
“Where macro and potential policy divergence has been more apparent, policymakers have kept a keen eye on Fed shifts to limit the extent of currency volatility,” the analysts wrote. If central banks around the globe start cuts “relatively earlier and more aggressively” than the Fed, that could help the US to reach its inflation goal, they added.Seeking a reliable income stream for your TFSA? Consider this sustainable high-yielding dividend payer.
Bloomberg Goldman Sachs Group Kamakshya Trivedi Joseph Briggs
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